According to IDC research, the content management market in Asia Pacific (excluding Japan) could be worth US$362M by 2012, up from US$181.8M in 2007, with Australia & Korea the main contributors to this market, holding 32.2% and 23.1% market share respectively. In addition, due to increasing compliance obligations and the intention to better optimize and automate paper-based business processes, strong growth and investment in this sector is predicted from India and China, with CAGR rates of 22.9% and 18.0% respectively.